11 Aug 20220811 Premarket Prep DAX

#Fin­twit #DAX #DE30Cash #Mar­ket­Pro­file #Order­flow

This is my pre­mar­ket prep for today’s Euro­pean ses­sion for DAX. This prep builds off of my week­ly trade plan I made here:

DAX 2022 Week 32 Trad­ing Plan

The pur­pose of a pre­mar­ket prep is to find setups with­in my week­ly trade plan bias

Larg­er Timeframe

• MN
  • Pos­si­ble devel­op­ing MN Three Out­side Up
  • Price trad­ing above body, hav­ing made a HH
• W1
  • Price trad­ing above body, still with­in range
  • W1 QLo reject­ed, price trad­ing mid swing

Nar­ra­tive

• D1
  • D1 Bull Engulf giv­ing D1-C‑D 13656.81 (above VAH) above D1 UKC in DT react­ing off D1-C‑D 13470.15
• H4
  • Pos­si­ble H4 Phase 2
  • Price trad­ing with­in H4 QHi
  • H4 Invert­ed Ham­mer tak­ing out D1 Supply
• Trend
  • Trend is Up 2/3
• Mar­ket Profile
  • 2 Wide over­lap­ping Values
• LN Open
  • Prev. Day Exceed­ed ADR by 1.57, pos­si­ble momentum
  • 0.86xASR Above Val­ue, Out­side Range
  • Mod­er­ate to Large Imbal­ance (bor­der­ing Large Imbalance)
  • Pre­mar­ket took out D1 Supply
  • Asia extend­ed and trad­ed higher
  • 0.56xASR IBR trad­ing down

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Long
  • Return to Val­ue, Rever­sal, Pos­si­ble Failed Auction
• Hypo 2
  • Short
  • Late-Sus­tained Auc­tion, mon­i­tor for Val­ue Acceptance

Clar­i­ty / Con­fi­dence (1 — 5, low to high)

• 3

Mind­ful Trad­ing (lack of sleep?)

• Feel­ing okay

Focus Points for trad­ing development

• Month­ly Goals
  • Use SL scaling

• Twit­ter
• Insta­gram